Tudor Gold to Acquire American Creek Resources Ltd.
Tudor Gold has announced the acquisition of American Creek Resources Ltd. (OTCQB: ACKRF) through a definitive arrangement agreement dated June 25, 2025. Under the terms, American Creek shareholders will receive 0.238 Tudor shares for each American Creek share, representing a 40% premium. Post-transaction, American Creek shareholders will own approximately 30% of Tudor on a non-diluted basis.
The deal will consolidate ownership of the Treaty Creek Project, with Tudor increasing its interest from 60% to 80%. The transaction, valued at approximately $1 million in cash severance payments and $1.22 million in Tudor shares, is expected to close around August 31, 2025. The deal requires approval from 66⅔% of American Creek shareholders and regulatory clearances.
Tudor Gold ha annunciato l'acquisizione di American Creek Resources Ltd. (OTCQB: ACKRF) tramite un accordo definitivo datato 25 giugno 2025. Secondo i termini, gli azionisti di American Creek riceveranno 0,238 azioni Tudor per ogni azione American Creek, con un premio del 40%. Dopo la transazione, gli azionisti di American Creek deterranno circa il 30% di Tudor su base non diluita.
L'accordo consoliderà la proprietà del progetto Treaty Creek, con Tudor che aumenterà la sua quota dal 60% all'80%. La transazione, valutata circa 1 milione di dollari in pagamenti in contanti e 1,22 milioni di dollari in azioni Tudor, è prevista per concludersi intorno al 31 agosto 2025. L'accordo necessita dell'approvazione del 66⅔% degli azionisti di American Creek e delle autorizzazioni regolamentari.
Tudor Gold ha anunciado la adquisición de American Creek Resources Ltd. (OTCQB: ACKRF) mediante un acuerdo definitivo fechado el 25 de junio de 2025. Según los términos, los accionistas de American Creek recibirán 0,238 acciones de Tudor por cada acción de American Creek, lo que representa una prima del 40%. Tras la transacción, los accionistas de American Creek poseerán aproximadamente el 30% de Tudor en una base no diluida.
El acuerdo consolidará la propiedad del Proyecto Treaty Creek, con Tudor aumentando su participación del 60% al 80%. La transacción, valorada en aproximadamente 1 millón de dólares en pagos en efectivo y 1,22 millones de dólares en acciones de Tudor, se espera que se cierre alrededor del 31 de agosto de 2025. El acuerdo requiere la aprobación del 66⅔% de los accionistas de American Creek y las autorizaciones regulatorias.
Tudor Gold는 2025년 6월 25일자로 체결된 확정 계약을 통해 American Creek Resources Ltd. (OTCQB: ACKRF)를 인수한다고 발표했습니다. 조건에 따라 American Creek 주주들은 American Creek 주식 1주당 0.238 Tudor 주식을 받으며, 이는 40%의 프리미엄을 의미합니다. 거래 완료 후 American Creek 주주들은 희석되지 않은 기준으로 약 Tudor의 30%를 소유하게 됩니다.
이번 거래로 Treaty Creek 프로젝트의 소유권이 통합되며, Tudor는 지분을 60%에서 80%로 늘리게 됩니다. 현금 퇴직금 약 100만 달러와 Tudor 주식 122만 달러 상당의 이번 거래는 2025년 8월 31일경 완료될 예정입니다. 거래는 American Creek 주주의 66⅔% 승인과 규제 당국의 허가가 필요합니다.
Tudor Gold a annoncé l'acquisition de American Creek Resources Ltd. (OTCQB: ACKRF) via un accord définitif daté du 25 juin 2025. Selon les termes, les actionnaires d'American Creek recevront 0,238 actions Tudor pour chaque action American Creek, ce qui représente une prime de 40 %. Après la transaction, les actionnaires d'American Creek détiendront environ 30 % de Tudor sur une base non diluée.
Cette opération permettra de consolider la propriété du projet Treaty Creek, Tudor augmentant sa participation de 60 % à 80 %. La transaction, évaluée à environ 1 million de dollars en paiements de départ en espèces et 1,22 million de dollars en actions Tudor, devrait se clôturer aux alentours du 31 août 2025. L'accord requiert l'approbation des 66⅔ % des actionnaires d'American Creek ainsi que les autorisations réglementaires nécessaires.
Tudor Gold hat die Übernahme von American Creek Resources Ltd. (OTCQB: ACKRF) durch eine endgültige Vereinbarung vom 25. Juni 2025 bekanntgegeben. Gemäß den Bedingungen erhalten die Aktionäre von American Creek 0,238 Tudor-Aktien für jede American Creek-Aktie, was einer Prämie von 40 % entspricht. Nach der Transaktion werden die Aktionäre von American Creek etwa 30 % von Tudor auf nicht verwässerter Basis besitzen.
Der Deal wird die Eigentumsverhältnisse am Treaty Creek Projekt konsolidieren, wobei Tudor seinen Anteil von 60 % auf 80 % erhöht. Die Transaktion, bewertet auf etwa 1 Million US-Dollar in Barabfindungen und 1,22 Millionen US-Dollar in Tudor-Aktien, soll um den 31. August 2025 abgeschlossen werden. Die Vereinbarung erfordert die Zustimmung von 66⅔ % der American Creek Aktionäre sowie behördliche Genehmigungen.
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Cardston, Alberta--(Newsfile Corp. - June 26, 2025) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the "Company" or "American Creek") is pleased to announce that it has entered into a definitive arrangement agreement dated June 25, 2025 (the "Arrangement Agreement") with Tudor Gold Corp. ("Tudor") pursuant to which Tudor has agreed to acquire all of the issued and outstanding securities of American Creek with the result that the current securityholders of American Creek will become securityholders of Tudor (the "Transaction"). Each American Creek shareholder will be entitled to receive 0.238 of a common share of Tudor ("Tudor Shares") for each American Creek common share held (the "Exchange Ratio").
Following completion of the transaction, existing American Creek shareholders will own approximately
Darren Blaney, President and CEO of American Creek, commented: "We are very pleased to enter into this agreement with Tudor. We believe that this transaction that combines the two companies unlocks significant advantages for our shareholders that have supported us and been part of the Treaty Creek project for many years. In addition to the obvious benefit of the
Transaction Structure
Pursuant to the terms of the Arrangement Agreement, each American Creek shareholder will receive 0.238 of a Tudor Share for each American Creek common share held. Outstanding options to purchase American Creek Shares will become exchangeable for new Tudor options that will be exercisable to acquire Tudor Shares on the same terms and conditions of the American Creek options, on the basis of the Exchange Ratio. Outstanding warrants to purchase American Creek Shares will become exercisable to acquire Tudor Shares on the same terms and conditions, on the basis of the Exchange Ratio.
The Transaction is expected to be completed by way of a court approved Plan of Arrangement under the Business Corporations Act (British Columbia) and will require the approval of (i) at least 66⅔% of the votes cast by American Creek shareholders; and (ii) if applicable, a majority of the votes cast by American Creek shareholders present in person or represented by proxy at the American Creek annual general and special meeting (the "AMK Meeting") to be called to approve, amongst other matters, the Transaction, excluding, for this purpose, votes attached to American Creek shares held by persons described in items (a) through (d) of Section 8.1(2) of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The AMK Meeting is expected to be scheduled to take place in late August, 2025.
The shareholders of Tudor are not required to vote on the Transaction. The Transaction is an arm's length transaction in accordance with the policies of the TSXV.
In addition to American Creek shareholder approval and court approval, the Transaction is subject to applicable regulatory approvals including, but not limited to, TSX Venture Exchange ("TSXV") approval and the satisfaction of certain other closing conditions customary in transaction of this nature. The Arrangement Agreement contains customary provisions including non-solicitation, "fiduciary out" and "right to match" provisions. The Transaction is anticipated to be completed on or about August 31, 2025. Upon closing of the Transaction, it is expected that the American Creek common shares will be delisted from the TSXV and that American Creek will cease to be a reporting issuer under applicable Canadian securities laws.
Further information regarding the Transaction will be contained in a management information circular (the "AMK Information Circular") that American Creek will prepare, file and mail to the American Creek shareholders in connection with the AMK Meeting to be held to consider the Transaction, amongst other matters. A copy of the Arrangement Agreement will be filed on each of Tudor's and American Creek's SEDAR+ profiles at www.sedarplus.ca and a copy of the AMK Information Circular will be filed on American Creek's SEDAR+ profile at www.sedarplus.ca.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The Tudor securities to be issued under the Transaction have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the "United States" (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available. It is anticipated that any securities to be issued under the Transaction will be offered and issued in reliance upon the exemption from the registration requirements of the 1933 Act provided by Section 3(a)(10) thereof.
Tudor has agreed with certain insiders of American Creek to settle up to
Board Approvals and Voting Support
The board of directors of American Creek (the "Board"), having received a unanimous recommendation from a special committee comprised of independent directors of American Creek (the "Special Committee"), and after receiving outside legal and financial advice, has unanimously approved the Transaction and determined that the Transaction is in the best interests of American Creek and is fair to the shareholders of American Creek (the "Shareholders") and other securityholders (warrantholders and optionholders) (the "Other Securityholders").
In making their respective determinations, the Special Committee and the Board considered, among other factors, the fairness opinion of INFOR Financial Inc. that concluded that, subject to the assumptions, limitations and qualifications contained therein, the consideration to be received by the Shareholders and the Other Securityholders pursuant to the Transaction is fair, from a financial point of view, to such Shareholders and Other Securityholders, respectively. A copy of the fairness opinion will be included in the AMK Information Circular to be mailed to the Shareholders in connection with the AMK Meeting.
Directors and officers of American Creek, American Creek's largest shareholder (being a company controlled by Eric Sprott) and other securityholders, holding in the aggregate approximately
About Tudor
Tudor Gold Corp. is a precious and base metals exploration and development company with claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectare Treaty Creek project (in which Tudor Gold has a
About American Creek
American Creek is a proud partner in the Treaty Creek Project, a joint venture with Tudor Gold Corp. located in BC's prolific "Golden Triangle". American Creek holds a fully carried
ON BEHALF OF AMERICAN CREEK RESOURCES LTD.
"Darren Blaney"
Darren Blaney, President & CEO
For further information please contact Kelvin Burton at:
Phone: (403)752-4040 or Email: info@americancreek.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
In this news release, forward-looking statements relate to, among other things, statements regarding: the Transaction; the receipt of necessary shareholder, court and regulatory approvals for the Transaction; the anticipated timeline for holding the AMK Meeting and completing the Transaction; the terms and conditions pursuant to which the Transaction will be completed, if at all; the anticipated benefits of the Transaction including, but not limited to Tudor having an
In respect of the forward-looking statements concerning the Transaction, American Creek has relied on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court, shareholder, stock exchange and other third party approvals and the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Transaction. This timeline may change for a number of reasons, including unforeseen delays in preparing AMK Meeting materials; inability to secure necessary regulatory, court, shareholder, stock exchange or other third-party approvals in the time assumed or the need for additional time to satisfy the other conditions to the completion of the Transaction. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times.
Risks and uncertainties that may cause such differences include but are not limited to: the risk that the Transaction may not be completed on a timely basis, if at all; the conditions to the consummation of the Transaction may not be satisfied; the risk that the Transaction may involve unexpected costs, liabilities or delays; the possibility that legal proceedings may be instituted against American Creek, Tudor and/or others relating to the Transaction and the outcome of such proceedings; the possible occurrence of an event, change or other circumstance that could result in termination of the Transaction; risks relating to the failure to obtain necessary shareholder and court approval; other risk factors as detailed from time to time and additional risks identified in American Creek's and Tudor's filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Failure to obtain the requisite approvals, or the failure of the parties to otherwise satisfy the conditions to or complete the Transaction, may result in the Transaction not being completed on the proposed terms, or at all. In addition, if the Transaction is not completed, the announcement of the Transaction and the dedication of substantial resources of American Creek to the completion of the Transaction could have a material adverse impact on each of American Creek's share price, its current business relationships and on the current and future operations, financial condition, and prospects of American Creek.
American Creek expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256893
